Uranium mining agreement signed by Areva, JAEC

Areva said it has been granted exclusive rights to mine for uranium in the central region of Jordan under an agreement signed with the Jordan Atomic Energy Commission (JAEC). His Excellency Mr Abu Hammour, Minister of Finance of the Kingdom of Jordan, His Excellency Dr Khaled Toukan, Chairman of the Jordan Atomic Energy Commission (JAEC), Anne Lauvergeon, CEO of Areva, and Jean-Jacques Gautrot, Vice-Chairman of Nabataean Energy, signed a mining agreement for the uranium resources in the region of Central Jordan. This announcement follows the initial agreement signed between AREVA and JAEC in October 2008 for the joint exploration of the zone.

Under the terms of the mining agreement, AREVA has been granted the right to mine the deposit for 25 years. The group will pursue its current exploration activities launched one year ago, and carry out a feasibility study covering environmental, economical and technical aspects of the project prior to starting production. A portion of the uranium produced by the future mine would serve the Kingdom’s nuclear energy program.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs